US Financial Advisors LLC Reduces Holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN)

US Financial Advisors LLC reduced its position in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 79,574 shares of the company’s stock after selling 1,266 shares during the period. iShares Fallen Angels USD Bond ETF accounts for approximately 0.7% of US Financial Advisors LLC’s portfolio, making the stock its 29th largest holding. US Financial Advisors LLC’s holdings in iShares Fallen Angels USD Bond ETF were worth $2,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Western Financial Corp CA lifted its position in shares of iShares Fallen Angels USD Bond ETF by 1.5% during the third quarter. Western Financial Corp CA now owns 25,771 shares of the company’s stock worth $705,000 after acquiring an additional 390 shares in the last quarter. Insight Wealth Partners LLC boosted its position in shares of iShares Fallen Angels USD Bond ETF by 0.5% in the second quarter. Insight Wealth Partners LLC now owns 101,950 shares of the company’s stock valued at $2,670,000 after acquiring an additional 482 shares during the period. Avantax Advisory Services Inc. grew its stake in iShares Fallen Angels USD Bond ETF by 6.2% during the first quarter. Avantax Advisory Services Inc. now owns 9,484 shares of the company’s stock valued at $255,000 after acquiring an additional 553 shares in the last quarter. Invst LLC grew its stake in iShares Fallen Angels USD Bond ETF by 3.7% during the second quarter. Invst LLC now owns 17,461 shares of the company’s stock valued at $454,000 after acquiring an additional 630 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 3.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,928 shares of the company’s stock worth $470,000 after acquiring an additional 666 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ:FALN opened at $26.99 on Thursday. The firm has a fifty day moving average price of $27.12 and a two-hundred day moving average price of $26.73. iShares Fallen Angels USD Bond ETF has a one year low of $25.00 and a one year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.1409 per share. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.69 annualized dividend and a yield of 6.26%.

About iShares Fallen Angels USD Bond ETF

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.